Pennsylvania coordinates $1.21 billion offering of G.O. bonds

By Sheri Kasprzak

New York, Aug. 2 – The Commonwealth of Pennsylvania is expected to price $1,208,725,000 of second series 2016 general obligation bonds on Aug. 9, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold competitively with Public Financial Management Inc. and Sustainable Capital Advisors as the financial advisers.

The bonds are due 2017 to 2036.

Proceeds will be used for capital facilities projects.

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